Canadian Pacific Railway Limited (TSE:CP) Senior Officer Sells C$642,972.47 in Stock

Canadian Pacific Railway Limited (TSE:CPGet Rating) (NYSE:CP) Senior Officer John Kenneth Brooks sold 6,000 shares of the company’s stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of C$107.16, for a total transaction of C$642,972.47.

Canadian Pacific Railway Stock Performance

TSE:CP traded down C$0.27 on Thursday, reaching C$107.43. 239,553 shares of the company’s stock were exchanged, compared to its average volume of 1,434,994. The company has a debt-to-equity ratio of 55.15, a current ratio of 0.59 and a quick ratio of 0.42. The firm has a market cap of C$99.92 billion and a price-to-earnings ratio of 34.61. Canadian Pacific Railway Limited has a 52 week low of C$86.12 and a 52 week high of C$108.74. The stock has a fifty day simple moving average of C$98.66 and a 200-day simple moving average of C$96.51.

Canadian Pacific Railway Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 30th. Shareholders of record on Friday, December 30th will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend is Thursday, December 29th. This is a positive change from Canadian Pacific Railway’s previous quarterly dividend of $0.19. Canadian Pacific Railway’s dividend payout ratio (DPR) is currently 24.28%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Barclays upped their price objective on shares of Canadian Pacific Railway from C$105.00 to C$110.00 in a report on Thursday, October 27th. Raymond James upped their target price on shares of Canadian Pacific Railway from C$100.00 to C$105.00 and gave the stock a “market perform” rating in a research note on Thursday, October 27th. CIBC upped their target price on shares of Canadian Pacific Railway from C$110.00 to C$120.00 in a research note on Thursday. Susquehanna Bancshares reiterated a “buy” rating and issued a C$108.00 target price on shares of Canadian Pacific Railway in a research note on Wednesday, September 28th. Finally, National Bankshares upped their target price on shares of Canadian Pacific Railway from C$98.00 to C$105.00 in a research note on Thursday, September 22nd. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$101.69.

About Canadian Pacific Railway

(Get Rating)

Canadian Pacific Railway Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; and merchandise freight, such as energy, chemicals and plastics, metals, minerals and consumer, automotive, and forest products.

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